5/17/2008

Food riots are coming to America? - The Midwest is at the heart of our wheat and corn production. All it will take is one bad drought - which Iowa expects. For the past 6 months North Dakota is in the worst drought ever - and now possibly a global drought - and our food supplies will take a serious hit. Extreme flooding like the Midwest and Mississippi just experienced are wiping out food crops. With escalating fuel costs, there will come a point when truckers are unable to make a living and simply have to shut down. A global pandemic would also shut down access to food and water supplies. Riots and food protests have already hit many nations: South Africa, Pakistan, Lebanon, Gaza, Kenya, Nicaragua, Mexico, Bahrain, the Emirates, Italy, Russia, Indonesia, Egypt in addition to Haiti, Cameroon, Senegal, the Ivory Coast, Mauritania, Bolivia, Peru, Thailand, Somali, Ethiopia, Burkina Faso, Uzbekistan, Yemen, India, and the Philippines. With food shortages threatening to become the biggest crisis of the 21st century, you can bet food riots are coming to America. Stock up now - buy in bulk - and pack for long-term storage any grain products and foods you regularly consume. The longer you delay, prices are only going to escalate, your options will dwindle, along with selection. If you keep your standby cash in a money-market fund you'll be lucky to get a 2.5% interest rate. Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year. And some prices are rising even more quickly. The latest data show cereal prices rising by more than 8% a year. Both flour and rice are up more than 13%. Milk, cheese, bananas and even peanut butter: They're all up by more than 10%. Eggs have rocketed up 30% in a year. Ground beef prices are up 4.8% and chicken by 5.4%.